Tax Benefit

557 views 1 replies

A company has some assets. It wants to sell them to other entities at cost. Kindly tell me the various tax implications, especially from tax benefit point of view to the company under following circumstances..,

1) When it sells to Charitable Trust

2) When it sells to Religious Charitable Trust

3) When it sells to a Company

4) When it sells to all the above during FY 2009-10 and during FY 2010-11 (please note that the company has bought them during FY 2009-10.)

Thanks for sharing your opinion, in advance!

Replies (1)

company is liable to capital gain  tax subject to exemption available if co. is involved in business of such assests then pf. or gain is chargeable to pgbp.others view solicited

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details